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Top Market Shifts Transforming the Vertebroplasty And Kyphoplasty Market Landscape: Key Insights
Vertebroplasty And Kyphoplasty
What Is the Expected CAGR for the Vertebroplasty And Kyphoplasty Market Through 2025?
In recent times, the size of the vertebroplasty & kyphoplasty market has seen significant growth. Expansion from $0.97 billion in 2024 to $1.04 billion in 2025 is projected, with a compound annual growth rate (CAGR) of 6.9%. The growth during the historical period can be linked to factors such as the increase in the elderly population and prevalence of osteoporosis, development in minimally invasive procedures, enhancement in awareness and diagnosis, rise in lifestyle-related aspects, and the mounting weight on healthcare systems.
What's the Projected Size of the Global Vertebroplasty And Kyphoplasty Market by 2029?
The market size of vertebroplasty & kyphoplasty is set to witness significant growth in the next couple of years, with projections estimating an increase to $1.28 billion in 2029, exhibiting a compound annual growth rate (CAGR) of 5.5%. The expected growth during this predicted period can be associated with the enlargement of services dedicated to elderly care, the evolution of biocompatible bone cement, the rising prevalence of outpatient procedures, an emphasis on value-oriented healthcare, and an increasing geriatric populace. Key trends observed for this forecast period include the continual research and improvement in spinal interventions, the growth of ambulatory surgical centres, pioneering advancements in bone cement technology, procedural technological progress, healthcare cost management, and issues concerning reimbursement.
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Top Growth Drivers in the Vertebroplasty And Kyphoplasty Industry: What's Accelerating the Market?
An increase in spinal injuries connected to sports incidents is anticipated to boost the vertebroplasty and kyphoplasty industries' expansion. These sports-related spinal impairments, which range from vertebral compression fractures to spondylolisthesis and herniated discs, necessitate less intrusive treatments such as vertebroplasty and kyphoplasty. These procedures entail the injection of bone cement into the affected vertebrae. In November 2023, data from the New Zealand Spinal Trust suggested that the incidence of spinal injuries in New Zealand had moderately increased to 45 per million, an increase from 41 per million in 2021 and almost at par with 2020's 44 per million. In 2022, 74% of traumatic spinal cord injury (tSCI) sufferers were male and 33% of non-traumatic spinal cord injury (NTSCI) sufferers were female. Thus, the increased incidents of sports-related spinal injuries are anticipated to spur the vertebroplasty and kyphoplasty market growth. The vertebroplasty and kyphoplasty market is also anticipated to advance due to the growing geriatric population. This group comprises those aged 65 or older, who often need dedicated care because of their specific health needs tied to aging. Vertebroplasty and kyphoplasty procedures are used in this demographic to offer minimally invasive techniques to relieve pain and stabilize vertebral compression fractures, improving mobility and life quality in older individuals. According to World Health Organization data from October 2022, by 2030, one-sixth of the world's population is projected to be 60 or older, rising to 2.1 billion by 2050. Hence, the burgeoning geriatric population is propelling the vertebroplasty and kyphoplasty market's growth.
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What Trends Will Shape the Vertebroplasty And Kyphoplasty Market Through 2029 and Beyond?
Prominent businesses in the vertebroplasty and kyphoplasty market are turning to strategic alliances in order to deliver a unipedicular balloon catheter for compression fractures of the vertebrae treatment. Strategic collaborations denote a practice where companies depend on one another's competencies and resources to realize mutual advantages and accomplishments. For example, in June 2024, Medtronic Plc, a medical technology company based in Ireland, forged a partnership with Merit Medical Systems Inc., an American medical device company. As an outcome of this collaboration, the two companies will develop a unipedicular, steerable balloon catheter for treating vertebral compression fractures (VCF) in the U.S. This partnership solidifies the current cooperative efforts between Medtronic and Merit, with Merit already supplying Medtronic's Kyphon Xpander Inflation Syringes for balloon kyphoplasty operations. The Kyphon KyphoFlex is constructed to provide controlled, targeted and accurate cavity formation during vertebral augmentation procedures. The inclusion of this unipedicular solution augments Medtronic's current bipedicular balloon kyphoplasty portfolio, thus providing more options and versatility to clinicians.
What Are the Main Segments in the Vertebroplasty And Kyphoplasty Market?
The vertebroplasty and kyphoplasty market covered in this report is segmented -
1) By Product Type: Kyphoplasty Devices, Vertebroplasty Devices
2) By Surgery Type: Vertebroplastic Surgery, Kyphoplastic Surgery
3) By End User: Hospitals, Ambulatory Surgical Centers
Subsegments:
1) By Kyphoplasty Devices: Balloon Kyphoplasty Devices, Inflation Devices, Vertebral Restoration Devices
2) By Vertebroplasty Devices: Bone Cement Delivery Systems, Cannulas and Needles
3) By Spinal Biopsy Devices: Spinal Biopsy Devices
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Which Top Companies are Driving Growth in the Vertebroplasty And Kyphoplasty Market?
Major companies operating in the vertebroplasty and kyphoplasty market report are Cardinal Health, Johnson and Johnson (DePuy Synthes), Medtronic Plc., Stryker Corporation, GS Solutions Inc., Lepu Medical Technology (Beijing)Co.Ltd., Merit Medical Systems Inc., Globus Medical Inc., Alphatec Spine Inc., Rontis Corporation, Spectrum Plastics Group., SOMATEX Medical Technologies GmbH, Zavation LLC, MJ Surgical, Benvenue Medical, Joimax GmbH, Laurane Medical LLC, Spine Wave Inc., G21 S.r.l., BM Korea Co. Ltd., Biopsybell Medical, Teknimed, Joline GmbH And Co. KG, SCW Medicath Ltd., Stöckli Medical AG, Jiangsu ChangMei Medtech Co.Ltd., IZI Medical Products
Which Regions Will Dominate the Vertebroplasty And Kyphoplasty Market Through 2029?
North America was the largest region in the vertebroplasty and kyphoplasty market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the vertebroplasty and kyphoplasty market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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